How Does H.E.A.P.™ Really Work

The concept behind H.E.A.P.™ is really very simple and is based on the following principles:

Having a monthly balance in a checking account is NOT a good idea (money in a checking account earns you zero or very little interest and that interest is taxed annually).

It is always best to use all available dollars ALL THE TIME to pay down the debt on your home.

A good home equity acceleration plan will NOT require you to alter your spending habits.

Understanding the following will help you understand the basics of H.E.A.P.™:

Your lender charges you interest on a daily basis (many people think of mortgages as a monthly expense when it is really a daily expense).

If you can figure out a way to reduce your “daily” interest charges you can save a large amount of interest paid over the life of a loan.

H.E.A.P.™ is very simple in that the program shows you how to use every available dollar every day to pay down debt on your home mortgage.

When you use every available dollar to pay down your debt ALL THE TIME, your daily interest charges are reduced and doing so over the life of a loan has a tremendous compounding effect. This compounding effect will help you reduce the term of your loan by several years and save thousands of dollars in interest.

Don’t believe it? Look at the following real world example for a typical American couple:

Mr. Smith and Mrs. Smith earn $3,000 collectively twice per month as their take-home pay (after-tax pay which equates to $72,000 after-tax in a dual-income household). Assume they have a $250,000 house with a $200,000 mortgage balance. Assume the interest rate on the loan is 6.25% with a payment of $1,231 a month (without taxes and insurance). Assume the loan has 30 years remaining. Further, assume that their monthly bills (not including the mortgage) are $3,500 a month.

How long would it take the Smiths to pay off their mortgage using H.E.A.P.™?

8.75 years!

How much would the Smiths save in interest expenses over the life of the loan using H.E.A.P.™?

$184,442!

If the above numbers do not get your attention, nothing will.

H.E.A.P.™ is simple, does not require you to change your lifestyle, can save the average client well over $100,000 of interest, and shave in excess of 10 years off the term of a mortgage.

Your H.E.A.P.™ numbers

If you would like to have someone run the numbers to determine how much H.E.A.P.™ can save you, simply fill out the form on the right side of this page.

H.E.A.P.™ in Action – 3 Page Printout

Click the button below to download a typical three page printout that can be created with the software. If you have an interest in ordering the HEAP software, e-mail info@heaplan.com for more information.

Warning about mortgage acceleration software.

While H.E.A.P.™ type plans have been around for 20+ years, illustration software is relatively new. Be careful of scammers selling mortgage acceleration software from $1,000-$3,500. Paying such a price for software is not needed and is a waste of money (especially since you can get the H.E.A.P.™ mobile app. for $9.99).

Run Your H.E.A.P.™ numbers

If you would like us to run your H.E.A.P.™ numbers for you to see how many tens of thousands of dollars you could save using H.E.A.P.™, simply CLICK THE BUTTON and fill out the form on the “How H.E.A.P.™ works Page.